A balance transfer is when you pay off a higher interest credit card with a lower interest credit card. You're transferring the balance from one credit card to another. A lot people use this strategy with their personal finances to get out of credit card debt. Credit card companies will often advertise balance transfer deals where no interest will be charged for a certain period of time. For example 0% interest (APR) on balance transfers for 12 months. Sounds like a pretty good deal, right? It can be, but there are some things you should know before making the transfer.
Read MoreHow to Price Your Services /
If you work for yourself or dream of working for yourself, I'm sure one of the motivating factors is to make a profit. Making a profit can depend on a lot of different factors. Some of those factors are outside of your control like the market and the competition. You can move the needle on other factors like leadership, management, location and the number of locations. But one of the most important factors that have a direct impact on your profit is pricing. Pricing is how much you charge for your service.
Read MoreUnderstanding Student Loan Consolidation /
Alright, student loans. These wonderful and horrible tools that allow people who can't afford an education to pay for one by simply mortgaging their future. Ah, the American way. If you're one of the unlucky and you've been avoiding doing the leg work and mental work when it comes to consolidating, this is for you.
Read MoreWhere Are You At? The Mid-Year Financial Gut Check. /
If our calendar year could be compared to a basketball game, we're at about half time. Halftime is a chance to pause and reflect. What's the score? How is the other team playing? How are you playing? You probably went on the court with an objective. Maybe the objective is to win. Or maybe the object is to not lose by 30 points. Whatever the objective is, now is the time to take stock of the score, your performance and how you can make adjustments to finish strong.
Read MoreShould You Buy or Lease a Car? /
The decision to buy or lease your car means finding the balance between what fits into your lifestyle, what you value and what makes economic sense.
Putting too much weight on one of those variables can put you in a less than ideal position. For example, not considering the economics and only considering your lifestyle and what you want could look like you buying a car that you can't really afford.
Read MoreWhen Is Renting Better Than Owning a Home? /
Be discerning. Question assumptions and conventional wisdom. Don't just assume that tax benefits benefit everyone. Run the numbers. Think for yourself.
Read MoreHow to Earn Money /
Whether you're in business for yourself or working for the man, the woman or the big faceless corporation, the principles of how to earn money are the same. Understanding these principles and applying them consistently are key. Progress comes from consistency.
Read MoreHow to Get Out (and Stay Out) of Tax Debt /
If you owe taxes to the IRS, but you donโt have the money to pay them, it can be an overwhelming feeling. That sucks. But the good news is, you can totally come up with a plan to pay it off. The IRS is good like that. As scary as their certified mail notices can be, they definitely want you to be able to settle up with them.
Read MoreHow to Save: Start Small and Think Big /
If youโre trying to pad a savings account (or multiple savings accounts), it can be daunting and overwhelming. The first thing you need to do is figure out how much you need to save.
Read MorePayroll 101: What Is Payroll? /
I scream, you scream, we all scream for payroll!
If you're an employee who has ever gotten a paycheck, getting paid is a pretty awesome feeling. As an employer, payroll is pretty damn costly. It tends to be the biggest expense for most businesses and not just because of the actual cost of salaries. There are taxes too. Payroll can have complexity and any missteps may cost you. According to an IRS report, roughly 40% of small businesses incur an average of $845 per year in IRS penalties for errors with payroll tax filings and payments.
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